XC ETF — Holdings & Analysis

The WisdomTree True Emerging Markets Fund (XC) is an emerging markets equity ETF with $0.09 billion in assets under management and an expense ratio of 0.32%.

XC seeks to track a modified float-adjusted market cap weighted index of emerging market companies, excluding those domiciled in China. This fund offers exposure to emerging markets while specifically avoiding Chinese equities, differentiating it from many broad emerging market ETFs.

WisdomTree True Emerging Markets Fund (XC) ETF — Price, Holdings & Analysis

The WisdomTree True Emerging Markets Fund (XC) is an emerging markets equity ETF with $0.09 billion in assets under management and an expense ratio of 0.32%. XC seeks to track a modified float-adjusted market cap weighted index of emerging market companies, excluding those domiciled in China. This fund offers exposure to emerging markets while specifically avoiding Chinese equities, differentiating it from many broad emerging market ETFs.

ETF Overview

At least 80% of the fund’s total assets (exclusive of collateral held from securities lending) will be invested in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The index is a modified float-adjusted market cap weighted index that consists of common stocks issued by companies in emerging markets, excluding companies incorporated or domiciled in China. It is non-diversified.

The WisdomTree True Emerging Markets Fund (XC) aims to provide investors with exposure to the emerging markets equity asset class, excluding companies incorporated or domiciled in China. The fund tracks a modified float-adjusted market capitalization weighted index. This approach results in a portfolio of 757 holdings, offering relatively broad diversification within its targeted universe. The fund's top holdings include HDFC Bank Ltd (3.60%), Reliance Industries Ltd (3.39%), and MercadoLibre Inc (3.16%). Sector allocation is heavily weighted towards Financial Services at 29.0%, followed by Consumer Cyclical and Basic Materials, both at 12.3%. The fund's country exposure is concentrated in India (29.8%), Mexico (11.4%), Brazil (10.7%), and South Africa (10.3%). XC is designed for investors seeking emerging market exposure without China, potentially due to concerns about regulatory risks or geopolitical factors associated with Chinese investments.

Risk Metrics

XC presents several risks typical of emerging market investments. The fund's concentration in specific countries, particularly India (29.8%), exposes it to country-specific economic and political risks. Sector concentration is also a factor, with Financial Services comprising 29.0% of the portfolio, making it vulnerable to downturns in that sector. With a beta of 0.80, XC is less volatile than the broader market. The fund's expense ratio of 0.32% will create a drag on returns, though this is relatively competitive. As a non-diversified fund, XC may invest a larger portion of its assets in a smaller number of issuers than a diversified fund, increasing the risk of loss.

Expense Ratio

0.32%

What does XC hold?

Holding	Weight
HDFC Bank Ltd (HDFCBANK.NS)	3.60%
Reliance Industries Ltd (RELIANCE.NS)	3.39%
MercadoLibre Inc (MELI)	3.16%
ICICI Bank Ltd (ICICIBANK.NS)	2.58%
Al Rajhi Bank (1120.SR)	1.84%
Bharti Airtel Ltd (BHARTIARTL.NS)	1.76%
Infosys Ltd (INFY.NS)	1.61%
Grupo Mexico SAB de CV Class B (GMEXICOB.MX)	1.47%
Delta Electronics (Thailand) PCL Units Non-Voting Depository Receipt (DELTA-R)	1.41%
Firstrand Ltd (FSR.JO)	1.16%

How Is the Fund Allocated?

Sector	Weight
Financial Services	29.0%
Consumer Cyclical	12.3%
Basic Materials	12.3%
Industrials	10.2%
Consumer Defensive	9.0%
Communication Services	6.3%
Energy	5.5%
Healthcare	4.6%
Technology	4.2%
Real Estate	3.5%
Utilities	3.2%

Country	Weight
India	29.8%
Mexico	11.4%
Brazil	10.7%
South Africa	10.3%
Saudi Arabia	6.6%
Thailand	5.8%
Indonesia	4.5%
Uruguay	3.6%
Philippines	3.1%
Poland	3.0%

Dividend Yield

0.00%

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE) — 0.32% expense ratio
WisdomTree Emerging Markets Quality Dividend Growth Fund (DGRE) — 0.32% expense ratio
WisdomTree India Hedged Equity Fund (INDH) — 0.64% expense ratio

WisdomTree International High Dividend Fund (DTH) (International Equity) — 0.58% expense ratio
WisdomTree International Hedged Quality Dividend Growth Fund (IHDG) (International Equity) — 0.58% expense ratio
WisdomTree U.S. High Dividend Fund (DHS) (US Equity) — 0.38% expense ratio
WisdomTree U.S. Total Dividend Fund (DTD) (US Equity) — 0.28% expense ratio
WisdomTree BioRevolution Fund (WDNA) (Sector Equity) — 0.45% expense ratio
WisdomTree U.S. AI Enhanced Value Fund (AIVL) (US Equity) — 0.38% expense ratio

Risk Metrics

Beta: 0.80

Questions & Answers

What is XC and what does it track?

The WisdomTree True Emerging Markets Fund (XC) is an ETF that focuses on providing exposure to emerging market equities, specifically excluding companies domiciled or incorporated in China.

XC tracks a modified float-adjusted market capitalization weighted index designed to represent the performance of companies in emerging markets, excluding China.

What is the expense ratio for XC?

The expense ratio for the WisdomTree True Emerging Markets Fund (XC) is 0.32%. This means that for every $10,000 invested in the fund, $32 is used to cover the fund's operating expenses annually.

While it's crucial to compare this to other similar ETFs, the category average for emerging market equity ETFs is approximately 0.44%, making XC's expense ratio relatively competitive.

What are the top holdings in XC?

As of 2026-03-15, the top holdings in the WisdomTree True Emerging Markets Fund (XC) are HDFC Bank Ltd (3.60%), Reliance Industries Ltd (3.39%), and MercadoLibre Inc (3.16%). Other significant holdings include ICICI Bank Ltd (2.58%) and Al Rajhi Bank (1.84%).

Is XC a good long-term investment?

Evaluating whether the WisdomTree True Emerging Markets Fund (XC) is a suitable long-term investment requires careful consideration of your investment goals, risk tolerance, and time horizon.

XC offers exposure to emerging markets excluding China, which may be attractive to investors seeking to avoid specific risks associated with the Chinese market.

How does XC compare to similar ETFs?

When comparing XC to similar emerging market ETFs, several factors stand out. XC's key differentiator is its exclusion of Chinese equities, which sets it apart from broad emerging market ETFs. The fund's expense ratio of 0.32% is competitive.

As of 2026-03-15, XC has $0.09 billion in assets under management, which may be smaller than some of its larger competitors.

Does XC pay dividends?

As of 2026-03-15, the WisdomTree True Emerging Markets Fund (XC) has a dividend yield of 0.00%. This indicates that the fund is not currently distributing dividends to its shareholders.

Investors seeking income-generating investments may want to consider other ETFs with a higher dividend yield. However, it's important to note that dividend yields can fluctuate over time and are not guaranteed.